| Index | Kingstowne | Virginia | National |
| Cost of living | 149 | 111 | 100 |
| Groceries | 101 | 103 | 100 |
| Health care | 101 | 103 | 100 |
| Housing | 259 | 129 | 100 |
| Transportation | 101 | 105 | 100 |
| Utilities | 101 | 104 | 100 |
| Lifestyle & Entertainment | 100 | 103 | 100 |
| Household Items | 103 | 102 | 100 |
| Education & Childcare | 107 | 109 | 100 |
Knowing the cost of living in Kingstowne allows individuals to create a realistic budget. This helps them understand how their income will cover expenses and whether they need to make financial adjustments. The cost of living in any region can fluctuate due to various factors. To assess the cost of living consistently across different areas, a national average of 100 serves as the basis for the cost of living index. The cost of living in Kingstowne stands at 149, marking it 49% higher than the national average.
If you value affordability in your search for a new place to live, Kingstowne may not be the most suitable option, as it stands out as one of the priciest areas in the entire United States. Only a small fraction of regions have a cost of living that is more than 20% higher than the national average, and regrettably, Kingstowne falls into this category, which may not align with your desire for an affordable place to call home.
Housing costs are a very significant part of the Kingstowne cost of living index and generally encompass a large percentage of take-home income. Unfortunately, in this area, the housing costs for both homes and rentals were 158.9% more than the average city. This includes things like home and rent prices, mortgage rates and insurance.
Is Kingstowne affordable? It's a key consideration when pondering a move, as affordability often shapes your choices. The cost of living index (we discussed it earlier), coupled with housing costs and income levels, serves as the cornerstone for determining a location's affordability. Take Kingstowne, for instance, where the median home price falls 179.6% higher than the national average, and monthly rent rates are 110.6% higher than usual. Additionally, median income levels contribute to the equation, with Kingstowne flaunting a median household income of $189,235, 132.7% higher than the national norm.
Urbanization: Urban areas with extensive amenities and job opportunities tend to have a higher cost of living due to increased demand for services and relocation, resulting in higher home prices and higher rents. Less densely populated rural areas, or areas with less demand tend to have fewer amenities and slower job growth, which results in a lower cost of living.
Subsidies: Certain regions may provide government subsidies or assistance initiatives designed to alleviate the cost of living burden on their residents. These programs encompass a wide range of support mechanisms, such as Medicare, Medicaid, housing subsidies, low-income home energy assistance programs, school lunch programs, supplemental nutrition assistance programs, student loans, electric vehicle tax credits, affordable care act subsidies and farming subsidies. Areas with fewer subsidy offerings might experience an elevation in their cost of living.
Transportation: In situations where public transportation is limited or nonexistent, local residents may be required to own and maintain their own vehicles, contributing to an elevated cost of living. Monthly expenditures may encompass fuel costs, insurance premiums, routine vehicle upkeep and possibly lease or financing payments. In Kingstowne, the transportation index is 1% higher than the national average.
The Kingstowne cost of living estimates above use a normalized U.S. average of 100 as the baseline for comparison. Housing values incorporate local home price and rental information from the U.S. Census, while all other estimates are AI-assisted and modeled using expected everyday expenses, local market trends, climate, and transportation-related cost pressures. The results are intended for practical city-to-city comparisons.
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| Groceries index | |
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| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $218,550 | $18,213 | $5,099 | $6,557 |
| Renters | $120,006 | $10,001 | $2,800 | $3,601 |
| State | General Sales Tax | With Max Surtax |
| Virginia | 5.3% | 6% |
| State | Income Tax (Low) | Income Tax (High) |
| Virginia | 2% | 5.75% |
| City | Population | Cost of Living Index | National Avg. |
| Rose Hill CDP (Lee County), VA | 731 | 89 | 11.0% |
| Potomac Heights, MD | 1,295 | 90 | 10.5% |
| Woodlawn CDP (Carroll County), VA | 2,334 | 89 | 11.3% |
| Wakefield town, VA | 838 | 92 | 8.4% |
| Belle Haven town, VA | 578 | 99 | 1.4% |
| Kingstowne, VA | 17,967 | 149 | 48.8% |
| City | Population | Cost of Living Index | National Avg. |
| South Houston, TX | 17,971 | 90 | 9.5% |
| Anoka, MN | 17,962 | 103 | 3.3% |
| Iselin, NJ | 17,973 | 130 | 30.3% |
| Tillmans Corner, AL | 17,980 | 89 | 11.4% |
| Hannibal, MO | 17,980 | 88 | 11.7% |
| Kingstowne, VA | 17,967 | 149 | 48.8% |
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